In the age of coronavirus, are you worried about your career? | The Tylt

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In the age of coronavirus, are you worried about your career?
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The economic downturn as a result of the coronavirus pandemic has resulted in unemployment for millions, furloughs, pay cuts and more. While many essential workers head into work every day, some have turned their bedrooms into home offices; meanwhile, many are out of work completely. Even medical professionals are receiving pay cuts. For those at the beginning of their career, the pandemic has created a volatile job market where nothing is certain. Some are rethinking their careers and where they live in order to build up emergency savings, while others hope to wait out the turmoil. Are you worried for your career?

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In the age of coronavirus, are you worried about your career?
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For those who recently graduated college, the pandemic has certainly changed the nature of kickstarting one's career. As CNBC's Michelle Fox writes, for many recent grads, the economic fallout from coronavirus has led them to reconsider their careers altogether. 

With such massive unemployment numbers, finding your first job looks a lot different than it did this time last year. Plus, in the event of job loss, finding a new job is just as bleak. Promotions are on hold. Pay cuts are on the rise, and in the meantime, young people are left wondering how to strategically navigate what is supposed to be the foundational years of their career. 

New York Magazine asked readers "How has the pandemic affected your plans for the future?" As one young person writes back: 

“I just graduated college, I’m anxious I’m now stuck in this constant job search, and that I’ll be stuck living at home for the rest of my life. I was planning to move out as soon as I got a job, but now I’m stuck with my parents. I’m not sure when I’ll be able to save up, and even then if I’ll be safe to move into a city from my hometown.”

Another reader writes: 

“I’m concerned about the future of work and my livelihood (on top of everything else, like my health and the safety/health of my parents/family). I’m furloughed and not confident I’ll be brought back on staff. So I’ve applied for unemployment (still pending) and I’m looking for a new job – but will I be able to find one AND make the career pivot I was planning on before the pandemic? Do I take any job I’m qualified for because I need the work and security? Are there even places hiring for my skill set right now? Many unknowns. Plus, I’m single and navigating everything on my own. The weight of it all is crushing at times.”

These sentiments and so many more are shared by people across the country. Concerns for maintaining a livelihood are top-of-mind.

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But some choose to look at the current situation in a different light. According to a study by College.Finance.com, reported by Tech Republic's N.F. Mendoza, many young people are considering returning to school or even beginning careers in industries considered essential.

A whopping 65% of Gen Z Americans are thinking about returning to school, because of the economic impact of the virus and felt their planned career paths were much less stable. 
40% are interested in positions of essential workers (includes 47% millennials)

CNBC's Michelle Fox also offers some hope as some young people prepare to head back to school and others turn to different strategies to get creative: 

This is also a good time to think creatively when it comes to your career, said Bera, a member of the CNBC Financial Advisor Council.
“You can look at this situation and get really bummed out and get really discouraged. Or you can say, ‘How can I do this a little bit differently?’” Bera said. “This is when innovation happens.”
VOTE NOW
Culture
In the age of coronavirus, are you worried about your career?
#WorriedAboutCareer
#WorriedAboutCareer
#CalmAboutCareer
#CalmAboutCareer